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OFFER TO PURCHASE FOR CASH EMERGIS INC ... - About TELUS

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11. PRICE RANGE AND TRADING VOLUME OF SHARES<br />

The Shares are listed and posted for trading on the TSX under the symbol “EME”. The TSX is the principal market<br />

for the Shares. The following table sets forth, for the periods indicated, the high and low sales prices of the Shares and the<br />

volume of trading on the TSX, according to published sources:<br />

Period High Low<br />

($) ($)<br />

Price Range<br />

Trading<br />

Volume (1)<br />

2007<br />

December 1 to 7 ..................................................... 8.20 8.17 9,433,197<br />

November .......................................................... 8.30 6.61 14,105,134<br />

October. . .......................................................... 7.49 6.82 2,392,170<br />

September .......................................................... 7.42 6.83 2,116,208<br />

August ............................................................ 7.47 6.36 4,243,851<br />

July .............................................................. 7.54 6.31 5,139,423<br />

June .............................................................. 6.58 5.96 3,230,647<br />

May.............................................................. 6.72 6.00 2,385,810<br />

April. ............................................................. 7.10 6.25 4,009,532<br />

March ............................................................. 6.61 5.36 5,141,863<br />

February ........................................................... 5.49 5.10 3,381,008<br />

January ............................................................ 5.35 4.76 4,176,530<br />

2006<br />

December .......................................................... 5.59 5.02 2,716,672<br />

November .......................................................... 5.45 5.00 4,180,530<br />

Source: TSX<br />

(1) Total monthly trading volume on the TSX.<br />

The Offer was announced to the public on November 29, 2006. The closing price of the Shares on the TSX on<br />

November 28, 2007, the last trading day prior to the date of the announcement of the Offer, was $6.94. The consideration<br />

offered under the Offer represents a premium of $1.31 or approximately 19% to the closing price of the Shares on the TSX<br />

on November 28, 2007. Shareholders are urged to obtain a current market quotation for the Shares.<br />

12. DIVIDENDS AND DIVIDEND POLICY<br />

Based on publicly available information, the Offeror believes that there have been no dividends with respect to the<br />

Shares during the two years preceding the date of the Offer. Emergis has indicated that it has not been its practice to pay<br />

dividends on the Shares in the past. Pursuant to the Support Agreement, Emergis is not permitted to declare or pay any<br />

dividend or make any distribution in kind on or in respect of any of the Shares other than in the ordinary course of business<br />

consistent with past practice.<br />

13. PREVIOUS DISTRIBUTIONS OF SHARES<br />

Based on publicly available information, the Offeror believes that there have been no distributions of Shares during<br />

the five years preceding the date of the Offer, other than Shares issued pursuant to the Share Purchase Plan and the<br />

exercise of Options, except for the following:<br />

Date Description<br />

Number<br />

of Shares<br />

Price per<br />

Security<br />

Aggregate gross<br />

Proceeds to Emergis<br />

May-July, 2003 .......................... Private Placement 1,059,284 $6.52 $6,907,818<br />

August, 2003 ............................ Private Placement 246,041 $8.26 $2,033,208<br />

July, 2006 .............................. Private Placement 591,715 $5.20 $3,078,101<br />

July, 2007 .............................. Private Placement 591,715 $5.20 $3,078,101<br />

14. PREVIOUS <strong>PURCHASE</strong>S AND SALES<br />

Based on publicly available information, effective March 2, 2007, Emergis initiated a normal course issuer bid, under<br />

which it has been repurchasing its Shares. Emergis had planned to terminate its normal course issuer bid on or before<br />

February 29, 2008. The purchases made pursuant to the normal course issuer bid are not to exceed 5,560,000 Shares and<br />

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